The US Federal Deposit Insurance Corporation (FDIC) was hacked between 2010 to 2013 and the usual suspect is China!

The House Committee on Science, Space, and Technology has published a report according to which China used a backdoor malware to hack the computer system at Federal Deposit Insurance Corporation between 2010 to 2013.

In total 12 computers and 10 servers were allegedly hacked by government-backed Chinese hackers — The compromised systems belonged to FDIC’s officials including former chief of staff and former general counsel according to the Interim staff report as a result of an internal investigation that was previously covered up to protect newly appointed FDIC Chairman Martin Gruenberg in 2011.

The report was released amid growing concern about the vulnerability of the international banking system to hackers and the latest example of how deeply Washington believes Beijing has penetrated U.S. government computers, according toReuters.

The compromise of the FDIC computers by a foreign government had been previously reported in May and some lawmakers had mentioned China as a possible suspect, but the report on Wednesday for the first time cited a 2013 memo by the FDIC’s inspector general, an internal watchdog, as pointing toward China.

“Even the former Chairwoman’s computer had been hacked by a foreign government, likely the Chinese,” the congressional report said, referring to Gruenberg’s predecessor, Sheila Bair, who headed the FDIC from 2006 until 2011 when Gruenberg took over as acting chairman.

In February an FDIC employee stole highly confidential data using a USB drive after leaving the corporation to work for a private sector firm. The stolen data at that time included “Suspicious Activity Reports, Bank Currency Transaction Reports, [Bank Secrecy Act] Customer Data Reports, a small subset of personal work and tax files, 1,200 documents, Social Security numbers for more than 44,000 individuals and 30,715 banks,” according to areport.

The FDIC is a backbone of U.S. banking sector which keeps confidential data on America’s biggest banks. To date, there hasn’t been any public statement coming from the bank about this breach.

Waqas Amir is a UK-based cybersecurity journalist with a passion for covering latest happenings in cyber security and tech world. In addition to being the founder of this website, Waqas is also into gaming, reading and investigative journalism.

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